Reasons You Should Sell To A Cash House Buyer
You should consider selling your house to a cash home buyer. It's a better idea than you think, and it provides several benefits over selling the traditional way. Cash home buyers seem to get a bad reputation for being slimy, cold and out to take advantage of anyone. EMC House Buyers is here to prove that idea is ridiculous! Most home buyers simply provide a way for homeowners to sell their property quickly and to avoid listing with an agent. Here are some reasons it could benefit you to work with us.
Save Time & Money
It is common for the public to think selling to a cash home buyer always means you are selling at a significant discount. This will depend on the seller's situation and the property's condition, but it is not always the case. For example, House #1 is in great condition and has recently been remodeled/updated, so it should sell close to market value rather than at a large discount. However, House #2 is dated and hasn't been remodeled so it should sell at a considerable discount due to the renovations that would be needed. The difference in selling prices of these homes is purely the cost of repairs and what is considered entrepreneurial benefit (profit) for the house buyer taking on the risks and work.
When you factor in that real estate agents charge 6% commission, typical closing costs are 5.5%, and many sellers typically contribute up to 3% for buyer closing costs, both properties are already being discounted by 14.5%! This means the net profit to the seller is normally close to 85.5% of the sale price. So, if House #1 could sell for $100,000 by listing on MLS, the seller will likely get about $85,500 at closing, but it could take months to finally close. Whereas a cash home buyer might offer $80,000 to $85,000 and close in a week or two.
Selling to a cash home buyer could make sense in BOTH situations since the seller would avoid: having to sign a six (6) month contract with an agent; paying 6% agent commission; paying 5.5% closing costs; paying up to 3% in buyer closing costs (optional); experiencing multiple showings, inspection, appraisal, survey, and bank approval(s); making any repairs; or having to do any cleaning. This all results in a quicker closing and less hassle because cash home buyers buy homes as-is where-is. All the seller has to do is agree to a sale price, close at a title company (same as in a typical real estate transaction) and move to their new home.
Multiple Ways To Buy Your House
Additional benefits of working with a cash home buyer is they can also utilize creative and seller financing options. This benefits sellers that have little or no equity, owe back taxes, have liens, want to spread out taxes on their proceeds over an extended period of time, are facing foreclosure, going through divorce, own rental properties that need repairs, or any number of other situations.
We ask what is going on with the property to get an idea of how to approach the selling situation. This isn't because we are being nosy! Knowing that an owner bought a new construction home two (2) years ago and didn't put down much money tells us this is a low or no equity situation. This won't be handled the same as when a person needs to sell an older home that hasn't been updated in 15 years. In addition, sometimes there isn't any room for anyone to make any profit, but it can benefit the owner by selling the home before a foreclosure auction occurs which will significantly hinder their credit. Yes, even if you are behind on payments, your credit is most likely just dinged up...unless you allow the home to be sold at the foreclosure auction. And yes, you are still the owner until the foreclosure auction has taken place. That means YOU have the ability to sell YOUR home up until the minute your house is sold at auction.
There are many ways we can buy your house! These are just a few examples that show why it is important to contact us as soon as possible. Delaying to contact our office only makes it harder to meet deadlines.
Less Hassle
Earlier, I mentioned there is another reason to sell your house to a cash home buyer. It is because there is less hassle when you sell to us. You won't be constantly bothered with multiple showings, home inspection, home appraisal, property survey, and bank approval(s), making any repairs; or having to do any cleaning. We also pay all of the closing costs and handle all of the paperwork.
This all results in a quicker closing and less hassle because cash home buyers buy homes as-is where-is. That means you can take what you want and leave the rest. You don't have to worry about doing or paying for repairs. You don't have to keep the house clean for unexpected showings, the inspection, or the appraisal. It also means no waiting a few months after you have a "buyer" to find out they don't actually qualify for a loan or changed their mind. With us, you simply agree on a price, we both sign the contract for us to purchase the property, and you choose the date to close at the title company.
Know What To Expect
Selling a house is not a one-size-fits-all situation. We acquire properties in several different ways which also means we have a way to buy your house. It is not an easy task to sell a house, especially if you are in a hurry or need to sell for a specific situation. Our goal is to make the process fast and easy for you to sell with no hassles and no costs. This means there won't be any surprises.
Contact our office so we can discuss your situation and get started on your 100% free cash offer. Remember, our consultation and cash offers are always 100% free.
